TVIX Tracking Error to Its IV Price
In March 2012 Credit Suisse announced that they would resume limited share creation, but TVIX is still not accurately tracking its indicative value (IV). An April 11, 2012 intra-day quote gave TVIX’s bid at 9.39 while its IV on Yahoo Finance (symbol ^TVIX-IV) was 8.21—a 6.4% difference. By comparison ProShares’ UVXY, which has the same performance goals as TVIX was at 20.30, with an IV of …
